You have started working as a cost accountant for a firm that has only been in business for one month. The firm is able to buy a new type of biodegradable plastic at a fixed price of $100 per roll. The plastic is then cut and sealed to make garbage bags. Fixed factory overhead is estimated to be $125,000 per month. During this past month, 8,000 cartons of garbage bags were produced, which represents 80% of the activity volume. You are given the following information:

Rolls of plastic used40Variable overhead incurred$61,000Overhead efficiency variance$5,000UStandard costs per carton of garbage bags:Labour hours2Wage rate$8per hourTotal overhead$20Rolls of plastic0.004rolls

Help with the following:

Actual number of direct labour hours incurred

Labour efficiency variance

Materials quantity variance

Fixed overhead budget variance

Fixed overhead volume variance